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STOCK MARKET: Equites Market To Trade Positive Amid H1 Corporate Earnings

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The Nigerian equities market is expected to trade positive as investors continue to position themselves on the released half year (H1) results and other

According to him, we also expect the ongoing COVID-19 vaccination to support a global and domestic economic recovery that will enhance the market and give direction. The banking sector and others remain attractive on the back of the prevailing low prices, despite the mixed half-year earnings.

Afrinvest Limited stated that, “in the coming week, we expect to see a mixed performance of both profit taking and bargain hunting activities.” Market breadth for the week was negative as 23 equities appreciated in price, 36 equities depreciated in price, while 97 equities remained unchanged. Cutix Plc led the gainers table by 17.95 per cent to close at N5.65, per share. Regency Assurance followed with a gain of 14.29 per cent to close at 48 kobo, while Conoil went up by 10 per cent to close to N20.35, per share.

 

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